set off longterm

1000000 long-term capital gain from sell of house property.i have loss rupess 300000 on long-term equity investment.
can i set off this 300000 against 1000000?
can i pay only 20% on 700000?
Replies (3)

Yes, eligible.

thank you sir helping me. because last year LTCG on equity was exempted.

Yes,  the amendment is effective from AY 2019-20 i.e. FY 2018-19 onward ...

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